
Executive Compensation in Financial Distress: Planning for Chapter 11
In this episode of Just Compensation , Taryn E. Cannataro is joined by Eric Chafetz and Christopher A. Ward , partners in Lowenstein's Bankruptcy & Restructuring Department , to discuss executive compensation considerations before and during a Chapter 11 restructuring. Taryn, Eric and Christopher discuss when companies should begin distressed compensation planning, scrutiny of prepetition bonuses and other compensation arrangements, how to incentivize and retain key employees during a bankruptcy proceeding, and how a bankruptcy court might treat employment and severance agreements. The episode discusses the steps boards and compensation committees can take to establish a thoughtful and well-documented decision-making process to optimize executive compensation arrangements for an upcoming bankruptcy proceeding. They also discuss recent trends and why early coordination among management, boards, compensation counsel, and restructuring counsel can help preserve options as financial conditions deteriorate. Speakers: Eric Chafetz , Partner, Bankruptcy & Restructuring Department Christopher A. Ward , Partner, Bankruptcy & Restructuring Department Taryn E. Cannataro , Counsel, Executive Compensation and Employee Benefits
















